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Federal Reserve Bank of Boston
Speech
Ethics and economics: making cyclical downturns less severe: remarks at the Fourth Annual O. John Olcay Lecture on Ethics and Economics, Peterson Institute for International Economics, Washington, D.C., June 27, 2018
Eric S. Rosengren
Abstract

Boston Fed President Eric Rosengren said the costs of high unemployment are disproportionately borne by those that can least afford them, and a variety of actions could be taken by policymakers to make periods of high unemployment less likely.


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Eric S. Rosengren, Ethics and economics: making cyclical downturns less severe: remarks at the Fourth Annual O. John Olcay Lecture on Ethics and Economics, Peterson Institute for International Economics, Washington, D.C., June 27, 2018, Federal Reserve Bank of Boston, Speech 133, 27 Jun 2018.
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Keywords: ethics and economics; monetary policy; inflation range; fiscal policy; state and local spending; countercyclical; policy tools; financial shock; economic recovery; bank regulatory policy
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